ESAF Small Finance Bank Interview Questions, Process, and Tips for Freshers

Q1. Are you open to working in any location across India?
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Q2. Do you have a bike and a driving license?
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Q3. What is the founding date, time, and the name of the chairman of the bank?
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Q4. When is a bank licensed by the Reserve Bank of India (RBI)?
Ans. 
A bank is licensed by the RBI after meeting specific regulatory requirements and undergoing a thorough evaluation process.
• A bank must submit an application to the RBI for a banking license.

• The bank must meet minimum capital requirements as specified by the RBI.

• The RBI evaluates the bank's business plan, management, and financial health.

• Examples of banks licensed by the RBI include State Bank of India and HDFC Bank.

• The ...read more
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Q5. What can you tell me about your internship experience?
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My internship provided hands-on experience in project management and team collaboration, enhancing my skills in a real-world setting.
• Worked on a team project to develop a marketing strategy for a new product, which improved my teamwork and communication skills.

• Conducted market research that informed our approach, demonstrating my ability to analyze data and draw actionable insights.

• Participated in weekly meetings with ...read more
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Q6. Can you provide details about your project?
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Led a cross-functional team to develop a new software solution that improved operational efficiency by 30%.
• Project Duration: 12 months, from initial concept to deployment.

• Team Composition: Collaborated with 10 members from IT, marketing, and operations.

• Technologies Used: Implemented using Agile methodology with tools like JIRA and Confluence.

• Outcome: Achieved a 30% reduction in processing time for client requests.

• Stake...read more
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Q7. What are your salary expectations?
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They gave a random topic and asked us to do a discussion on it. For my group it was about social media and teenagers.

This was mostly a lot of GK questions and there was English too

Q1. This was a robotic interview where they asked me to introduce myself
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Q2. There were other questions like what I knew about the bank
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Q3. What my strengths and weakness were
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Q4. If I'm willing to relocate for the bank and if I like field work
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Q1. Again self introduction
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Q2. If I'm willing to relocate
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Q3. How I wud approach a client
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I would approach a client by first researching their industry and needs, then reaching out with a personalized message to schedule a meeting.
• Research the client's industry and needs before reaching out

• Craft a personalized message highlighting how your product/service can benefit them

• Schedule a meeting to discuss further details and address any questions or concerns
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Q4. How I wud reach the smaller crowd
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Q5. Why exactly I'm choosing sales
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Q1. This was an online hr round
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Q2. I was asked about the interest rates of the bank
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Q3. How their interest rates were asking compared to other companies
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Q4. What all do I look for in a bank to start an account
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Look for a bank with convenient locations, competitive interest rates, low fees, and good customer service.
• Convenient locations for easy access

• Competitive interest rates for maximizing savings

• Low fees to minimize costs

• Good customer service for assistance when needed
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Q5. How do I get clients to join this bank
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Related to Bank such as CASA and NPA

Q1. What is saving account
Ans. 
A savings account is a type of bank account that allows you to deposit money, earn interest on your balance, and withdraw funds when needed.
• Savings accounts typically offer lower interest rates compared to other types of accounts like CDs or money market accounts

• They are designed for storing money rather than for frequent transactions

• Some savings accounts may have minimum balance requirements or monthly fees

• Interest ea...read more
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Q2. What is current account
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A current account is a type of deposit account that allows unlimited deposits and withdrawals, typically used for everyday transactions.
• Allows unlimited deposits and withdrawals

• Usually used for everyday transactions

• Does not typically earn interest

• May have fees associated with it
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